Daily GK Update - 18th June 2015.

i. The
government on Wednesday approved 16 foreign investment proposals, including
those of Torrent Pharmaceuticals and Star India Private Limited, amounting to
Rs. 6,750.86 crore.

ii.
The proposals were cleared during the FIPB meeting held on May 28

iii.
Broadcaster Star India Private Limited has been given approval for further
issuance and transfer of shares to its foreign collaborator and acquisition of
another Indian company engaged in broadcasting sector on a slump sale basis.

iv.
Syngene International has been allowed to raise foreign investment to 44 per
cent from 10 per cent by initial public offering of equity shares to FIIs, FPIs
and NRIs.

2.
Book titled “Modi - Incredible emergence of a star” in Chinese language written
by Tarun Vijay

i. A
book on Prime Minister Narendra Modi titled Modi –Incredible emergence of a
star written in Chinese language by Tarun Vijay

ii.
The book was published in July 2014 by Sichuan University’s South Asia Study
Centre.

iii.
The book is a biography based on the life and economic vision of Narendra Modi.

ii.
Talking about the initiative, Narendra Ambwani, ASCI chairman said, “One of the
goals of ASCI is to provide convenient access for lodging complaint and hence
this launch of mobile app."

iii.
Lodge complaints by simply providing advertisement details and objection. Users
can also attach the files like image or video or YouTube link of that
advertisement.

iv.
Status of complaints and complaint tracking also made simple and user-friendly.

4.
Archana Ramasundaram out of CBI, appointed Director of NCRB

i.
Senior IPS officer Archana Ramasundaram has been moved out of the CBI and
appointed as Director, National Crime Records Bureau (NCRB).

ii.
Ramasundaram, a 1980 batch Indian Police Service (IPS) officer of Tamil Nadu
cadre, was appointed as Additional Director in CBI in February last year amid
controversy. She was not assigned any work on the direction of the Supreme Court,
which is hearing a writ petition against her appointment.

iii.
The Appointments Committee of Cabinet (ACC) has approved lateral shift of
Ramasundaram from the post of Additional Director, CBI to hold Director General
or

equivalent
level post at the Centre.

iv.
Ramasundaram's appointment last year had generated quite a controversy as the
CBI locked horns with Central Vigilance Commission (CVC) and Home Ministry over
the choice.

ii. He
was Chief Architect for Navi Mumbai along with Shirish Patel and Pravina Mehta
from 1970–75.

iii.
He also had served as first Chairman of the National Commission on Urbanization
and was appointed by then Prime Minister Rajiv Gandhi in 1985.He is founder of Mumbai’s
Urban Design Research Institute (established in 1984) dedicated to protect the
environment and improve lives of urban communities.

iv. He
had been awarded the Padma Shri (1972), Padma Vibhushan (2006) by Government of
India. He was also awarded Royal Gold Medal for Architecture (1984) by the Royal
Institute of British Architects, 7th Aga Khan Award for Architecture (1998),
Praemium Imperial of Japan.

i.
Election Commission of India (ECI) has suspended recognition of the PA
Sangma-led National People’s Party (NPP) which was a recognized state party in
Meghalaya.

ii.
The recognition of NPP was suspended under para 16A of the Election Symbols
(Reservation and Allotment) Order, 1968 after the party failed to file the
election expenditure statement incurred in 2014 Lok Sabha elections.

iii.
At present NPP has one Lok Sabha member- PA Sangma from Tura constituency from
Meghalaya. It also has 4 members in Rajasthan Legislative assembly and 2 in

Meghalaya
Legislative assembly.

7.
BSNL to set up 40,000 wi-fi hot spots India

i.
State owned telecommunications giant Bharat Sanchar Nigam Limited (BSNL) has
announced to set up 40,000 Wireless Fidelity (Wi-Fi) hot spots across the
country.

ii.
This project will come in lines with new digital architecture which is part of
Union Government’s flagship Digital India Programme. The 40,000 wi-fi hot spots
project will be entailed with an investment of about 6,000 crore rupees. The
project is likely to be completed by 2018.

iii.
It was announced by Union Minister of Communications & IT Ravi Shankar
Prasad after launching the Wi-Fi facility at Taj Mahal in Agra, Uttar Pradesh.

iv.
BSNL has installed the Wi-Fi facility at the premises of Taj Mahal as part of
the Union Government’s plan to provide free internet services at major tourist
places across country.